So up until our son was born, we haven't needed any financial help since my tuition was paid for and my wife was working full-time. When our son was born, my wife quit her job and a couple months later, our son was diagnosed with Neuroblastoma (for those wondering, this is a very good cancer to get if you get cancer. Survival rates for infants are above 95%). So, as you may have guessed, we've gotten a lot of medical bills as we've put our son through chemotherapy these past 2 months. We're almost finished with treatment and he's doing well, but we don't really have a way to pay our medical bills right now. I'm in my last year as a graduated student in electrical engineering, so once I get a job, I'll make enough money to pay for this treatment, but this last year of school is where we're unsure of what to do. I have tuition paid for and a very small stipend I get as a research assistant, but that's barely enough to pay rent and living costs for my family. My wife doesn't really want to go back to work since she's so worried about the baby, but can if there are no other options. I talked with my parents about it and they mentioned applying for a FAFSA student loan to give us the needed capital to pay the bills. I applied for one and got a direct unsubsidized loan offered. The amount offered the first semester isn't much more than what we owe already. The interest rate is 6.6% and begins as soon as I take the loan and I don't have a lot of experience in finance up until this point so I don't know how good of a loan this is. Should I take this loan? Are there other loan options that could be better for me? Are there any other avenues available that I might not know about?
Submitted August 02, 2018 at 04:42PM by MuhDrehgonz https://ift.tt/2ABu3cU
